State House funds rail, kills funds aimed at Hoeven’s bank

State News
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BISMARCK, N.D. (AP) — The Republican-controlled North Dakota House has agreed to fund a rail spur to help a troubled shipping center in Minot.

But lawmakers balked at giving more than $8 million in taxpayer money to bail out a trio of banks — including one owned by Republican U.S. Sen. John Hoeven.

Five Minot-area lawmakers sponsored the legislation for the intermodal shipping facility that sought to funnel funds to a trio of banks that acquired the facility in the senator’s hometown through foreclosure.

The House instead agreed to provide a loan of up to $2.5 million for track improvements for the facility.

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